Vallourec aligns its carbon emissions reduction targets with the provisions of the Paris Agreement
Vallourec aligns its carbon emissions
reduction targetswith the provisions of the Paris
Boulogne-Billancourt (France), June 25,
2020 – Vallourec announces today its ambitions in terms of
reducing its direct and indirect carbon emissions by 2025, taking
2017 as a reference year. These objectives have been approved by
the Science Based Targets initiative (SBTi).
In concrete terms, the Group, which is already a
low emitter of greenhouse gases, is committed to:
- Reduce its direct emissions by 20% (scopes 1
and 2)- Reduce both direct and indirect emissions by 25% (scopes 1,
2 and 3)
A member of the Global Compact since 2010,
Vallourec has adopted a solid CSR policy and is strongly committed
to environmental protection. The quality of its commitments was
recognized in 2019 by numerous rating agencies and by its
classification in the CDP Climate A list, which places us among the
179 global companies (including 22 major French groups)
distinguished in this respect.
"We are proud of this recognition by the SBTi,
which demonstrates our long-standing commitment to the fight
against global warming and to a carbon-free economy. Indeed, we are
the first company in the oil and gas sector in France to obtain
this recognition", said Edouard Guinotte, Chairman of the
Management Board of Vallourec.
The SBTi "Science Based Targets
initiative" is an initiative supported by the Global
Compact, the CDP, the WWF and the American think tank WRI (World
Resources Institute), launched in 2015 to provide scientific proof,
based on the work of the IPCC, of the compatibility of companies'
carbon trajectories with the provisions of the Paris agreement.
CDP Climate is the world
authority on the evaluation of corporate carbon policies and
Vallourec is a world leader in premium tubular
solutions for the energy markets and for demanding industrial
applications such as oil & gas wells in harsh environments, new
generation power plants, challenging architectural projects, and
high-performance mechanical equipment. Vallourec’s pioneering
spirit and cutting-edge R&D open new technological frontiers.
With close to 19,000 dedicated and passionate employees in more
than 20 countries, Vallourec works hand-in-hand with its customers
to offer more than just tubes: Vallourec delivers innovative, safe,
competitive and smart tubular solutions, to make every project
Listed on Euronext in Paris (ISIN code:
FR0013506730, Ticker VK) and eligible for the Deferred Settlement
System (SRD), Vallourec is included in the following indices: SBF
120 and Next 150.
In the United States, Vallourec has established
a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN
code: US92023R2094, Ticker: VLOWY). Parity between ADR and a
Vallourec ordinary share has been set at 5:1.
For further information, please contact:
relations Jérôme FribouletTel: +33 (0)1 49 09 39
Press relations Héloïse Rothenbühler Tél: +33 (0)1
41 03 77 firstname.lastname@example.org
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France): 0805 65 10 email@example.com
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- Press release_Vallourec_SBTi_25062020_DEF